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until you find out how much they're paying their current ceo and past ceo when they're not paying any taxes. great story, great show. go time. [ ♪ theme music ♪ ] >> cenk: all right, welcome to "the young turks." so now we've got a lot of trouble in the middle east. for example in syria we have yet normas kerr. this one in alepo. at least 65 bodies found by a riverbed up to as many as 80 now people are reporting. they were brought to that school that you're seeing now and people are picking through to see who was massacred there. their hands were tied behind their backs, and they were shot in the head. now, one more story about syria iran has jumped in the mix here, in aid to the ayatollah said syria plays a very key role in supporting or god forbid destabilizing the resistance front. for this reasons an attack on syria is considered an attack on iran and iran's allies. the reason why that is devastating is if there is any action taken in syria here we go. it's a much larger war. these are not good times in the middle east, and it is significant trouble but also in egypt we have trouble
until you find out how much they're paying their current ceo and past ceo when they're not paying any taxes. great story, great show. go time. [ ♪ theme music ♪ ] >> cenk: all right, welcome to "the young turks." so now we've got a lot of trouble in the middle east. for example in syria we have yet normas kerr. this one in alepo. at least 65 bodies found by a riverbed up to as many as 80 now people are reporting. they were brought to that school that you're seeing now and...
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Jan 30, 2013
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he hopes in particular to ease the tax burden on export-driven businesses. >> we are going to implement structural reforms with even greater force and adopt new measures to stimulate growth. our priority is to reduce youth unemployment, and we are already cooperating with unions and businesses to achieve this. >> there's mounting frustration on the streets. unemployment in the country has risen to 26%. half of young people are out of work. but the eu has signaled it is willing to relax rules on spain, which could help soften the austerity measures apparently crippling the country. >> germany may be about to drop its objections to bailing out cyprus. despite misgivings about reports of money laundering by the island's thanks. >> a number of politicians in germany have accused separate banks of holding significant illegal deposits with russian money, something they deny. they had threatened to refuse to finalize a bailout unless the country clean up -- clint of its act, but berlin is reported to have relented after pressure from other eurozone countries. cyprus needs about 17.5 billion eu
he hopes in particular to ease the tax burden on export-driven businesses. >> we are going to implement structural reforms with even greater force and adopt new measures to stimulate growth. our priority is to reduce youth unemployment, and we are already cooperating with unions and businesses to achieve this. >> there's mounting frustration on the streets. unemployment in the country has risen to 26%. half of young people are out of work. but the eu has signaled it is willing to...
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so that gets taxed. don't get me wrong the seattle seahawks, the pittsburgh steelers, they get taxed but the nfl makes all this money every year, and that does not get taxed. what do they use the money for? paying their executives. of course, it's america. commissioner rog good deal makes $11.6 million. and vp of media gets more than the commissioner, $12.2 million. the former communicationer tagliabue still gets $8.5 million. and look at the nfl much more higher than that. let's bring an expert on this. david goodfriend. good to talk to you. i haven't talked to you in a while. >> you too cenk. thanks for having me on into absolutely. tell me how they're getting away with this. >> this goats to sports leagues getting tremendous public subsidies. don't stop with the tax code. take a look, for example at antitrust laws in the united states. there is an explicit exemption for professional sports leagues. they can negotiate a contract with broadcasters high school colluding to get together--while colluding t
so that gets taxed. don't get me wrong the seattle seahawks, the pittsburgh steelers, they get taxed but the nfl makes all this money every year, and that does not get taxed. what do they use the money for? paying their executives. of course, it's america. commissioner rog good deal makes $11.6 million. and vp of media gets more than the commissioner, $12.2 million. the former communicationer tagliabue still gets $8.5 million. and look at the nfl much more higher than that. let's bring an...
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Jan 30, 2013
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. >> the voters here in santa clara county approved a one eighth sales tax in november. that helps us. the academy economy is coming back. >> he hopes to lead the supervisors. >> the nonprofit care sharing organization is expanding adding three wheelchair accessible mini vans in to its fleet. the organization received a grant to purchase the additional vehicles. >> it has allowed people to get away at an affordable price. it has allowed people to go and do things with their families when they've never had the opportunity to do it. >> these new vans can hold up to two people using wheelchairs and up to three more passengers. they're available to city share members. >>> animal college reporting a staggering number of bird deaths today. they say new research shows that cats kill between 1.4 and 3.7 billion birds a year even more small mammals. the estimates are much higher than previous estimates and could account for 15% of the total bird population. bird and cat lovers have clashed for years over outdoor cats being allowed to roam freely. >> part of a huge stash of gold c
. >> the voters here in santa clara county approved a one eighth sales tax in november. that helps us. the academy economy is coming back. >> he hopes to lead the supervisors. >> the nonprofit care sharing organization is expanding adding three wheelchair accessible mini vans in to its fleet. the organization received a grant to purchase the additional vehicles. >> it has allowed people to get away at an affordable price. it has allowed people to go and do things with...
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Jan 30, 2013
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. >> we have to lay out a path, a process that includes passing a background check, paying taxes, paying a penalty, learning english, and then going to the back of the line behind all the folks who are trying to come here legally. that's only fair. right? so that means it won't be a quick process but it will be a fair process. >> woodruff: back in washington florida republican marco rubio, a member of the bipartisan senate group, still seemed concerned the president wanted to move too far too fast >> if this endeavor becomes a bidding war to see who can come up with the easiest, quickest and cheapest pathway to green card possible, this thing is not going to go well, folks >> woodruff: senate republican leader mitch mcconnell said he's withholding judgment for now >> i think predicting how one is going to vote on this package before it gets out of committee is something i'm not prepared to do. but i will say... what i will say is there is obviously bipartisan desire to move forward on immigration legislation. my assumption is the majority leader will be doing that. >> woodruff: that woul
. >> we have to lay out a path, a process that includes passing a background check, paying taxes, paying a penalty, learning english, and then going to the back of the line behind all the folks who are trying to come here legally. that's only fair. right? so that means it won't be a quick process but it will be a fair process. >> woodruff: back in washington florida republican marco rubio, a member of the bipartisan senate group, still seemed concerned the president wanted to move...
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Jan 30, 2013
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that is why we are cutting corporation tax. we are investing in enterprise zone, a million apprenticeships have perhaps started under this government. and let me point out to him what is actually happening in our economy. 1 million private sector jobs. in the last year alone, half a million private sector jobs, the fastest rate of job creation since 1989. that is what's happening. but do we do need to do more to get the banks lend him to get businesses investing? yes, we do. and under this government we will. >> thank you just for once why doesn't he give us straight after two straight question? [shouting] growth was not 5% as he foreca forecast. but -- i'm about to give him some advice. i decided to the part-time chancellor, he should spend more time worrying about our economy and less time worrying about how to divert high speed of railroad away from his consistency. [shouting] we've had a flat-lining -- he should -- he shakes his head, but what does he have to say? your mp -- >> mr. alice, you are a distinguished practicing
that is why we are cutting corporation tax. we are investing in enterprise zone, a million apprenticeships have perhaps started under this government. and let me point out to him what is actually happening in our economy. 1 million private sector jobs. in the last year alone, half a million private sector jobs, the fastest rate of job creation since 1989. that is what's happening. but do we do need to do more to get the banks lend him to get businesses investing? yes, we do. and under this...
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Jan 30, 2013
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the reach is not officially clear whether it's related to unpaid taxes or accusations that the doctor gave improper benefited to senator. just minutes ago, senator menendez acknowledged that he did indeed travel on the doctor's plane, but says they were legal, and again, staffers say that the trips were legal. on the website, the daily caller, back in november, it published an interview with hookers in the dominican republic, saying that menendez paid them for sex at the mansion. and the senator denies those claims. pleaded guilty of give $20,000 in donations. he claims that he gave that money to charity. with us now, it looks like a lot of things are part-timing up on bob. guest: it looks like things are piling up on the senator, it is illegal to travel to another country, to have sex with someone under the age of 18, even if the sexual encounter there is lawful. prostitution is lawful in the dominican republic, but not with children under the age of 16. and so age here is very important. and as you pointed out, shep, the senator denies that he patronized prostitutes without getting
the reach is not officially clear whether it's related to unpaid taxes or accusations that the doctor gave improper benefited to senator. just minutes ago, senator menendez acknowledged that he did indeed travel on the doctor's plane, but says they were legal, and again, staffers say that the trips were legal. on the website, the daily caller, back in november, it published an interview with hookers in the dominican republic, saying that menendez paid them for sex at the mansion. and the...
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strategy and he said that the tax burdens for americans will be on going. the american taxpayer is going to face higher payments for quite some years to come but remember that the bush tax cuts were only temporary and they've now been reversed for all american households who earn more than fifty thousand dollars per year now that means that each american in that income bracket is going to be paying more than a thousand dollars a year in additional taxes that kicks in from january in other words immediately so on average they're going to be paying around another eighty seven dollars per month in taxes that money to money that consumers won't have to be spending to drive the recovery now the u.s. government they want to grow to get the sixteen trillion dollar debt down now with tax is rising when wages and salaries are going down is this mission impossible. it's a very difficult square to circle isn't it i think going to take a very very long time at best it will rely on the ongoing willingness of foreign investors to lend to the united states at all time rec
strategy and he said that the tax burdens for americans will be on going. the american taxpayer is going to face higher payments for quite some years to come but remember that the bush tax cuts were only temporary and they've now been reversed for all american households who earn more than fifty thousand dollars per year now that means that each american in that income bracket is going to be paying more than a thousand dollars a year in additional taxes that kicks in from january in other words...
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but something like corporate tax reform. that would lower the tax rates, close the loophole an bring the $2 trillion that charles is talking about. something not simple but leadership to reduce the debt. the president hasn't shown that leadership. i was at the world economic forum in davos. turkey was there. turkey of all places got their fiscal house in order and the economy is taking off. the way the debt is right now is a drag onbe this economy. the same way it's a drag on all the advanced economies. you've got to address this. i am troubled that the mantra out of democrats is debts don't matter. >> bret: right. here is how the republicans responded. house majority whip kevin mccarthy saying that the house continuously passed legislation to grow the economy. address washington spending problem and provide responsible solutions to anemic growth that plagued the economy over the last four years. with the legislative solutions have been met with silence in the senate. he goes on to say that time for the senate and the white
but something like corporate tax reform. that would lower the tax rates, close the loophole an bring the $2 trillion that charles is talking about. something not simple but leadership to reduce the debt. the president hasn't shown that leadership. i was at the world economic forum in davos. turkey was there. turkey of all places got their fiscal house in order and the economy is taking off. the way the debt is right now is a drag onbe this economy. the same way it's a drag on all the advanced...
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they can tax everybody however much they want there will become a point the government, the panels are going to have to decide well, then we should get a hip for this person, not for this person. what i wish they had done is allowed more competition in the system. because then we could all decide for ourselves whether or not we want to pay for a hip or not. rather than let the government decide for us. >> greg: there should be hips "r" us. i'll take that. take it for a spin. >> buy two get one three. >> bob: this argument is going on before obamacare. i wouldn't bring obamacare in this necessarily. those of white house smoke and are fat. if we will die earlier we is a save you money because you keep people who stay healthy, the runners and marathoners will get old and have alzheimer's. they cost a lot of money. >> eric: it cost money in the five years before you die in healthcare. it's, obviously, obviously proven people who smoke use up a lot of healthcare. >> greg: not really. >> eric: really? >> greg: not really. >> bob: if i drop dead tomorrow, then that means someone who lives old
they can tax everybody however much they want there will become a point the government, the panels are going to have to decide well, then we should get a hip for this person, not for this person. what i wish they had done is allowed more competition in the system. because then we could all decide for ourselves whether or not we want to pay for a hip or not. rather than let the government decide for us. >> greg: there should be hips "r" us. i'll take that. take it for a spin....
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begun to discuss tax loopholes. why should millionaires get more tax benefit against their charitable contributions than middle-class families do? why should a billionaire who builds a wing on a museum and puts his name on it get more tax bang for his charitable buck than the middle-class family who gives to their local church? is protecting that benefit for high-end charitable donors more important than addressing our deficit? how about tax subsidies to the most profitable companies in the world, the big oil behemoths? the american taxpayer is asked to provide money to big and often foreign oil companies. is keeping big oil lobbyists happy with subsidies from the american people more important than addressing our deficit? should companies and wealthy individuals be allowed to hide their money from the tax man in offshore accounts while working families pay their taxes fair and square? is protecting that tax gimmick more important than addressing the deficit? how about that carried interest trick that allows hedge f
begun to discuss tax loopholes. why should millionaires get more tax benefit against their charitable contributions than middle-class families do? why should a billionaire who builds a wing on a museum and puts his name on it get more tax bang for his charitable buck than the middle-class family who gives to their local church? is protecting that benefit for high-end charitable donors more important than addressing our deficit? how about tax subsidies to the most profitable companies in the...
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currently in opposition calls for government's -- her governments s carver -- her government's carbon tax -- commodity prices have dipped. australia's economy has cooled. the opposition party says the government has lost control of australia's borders in the face of tens of thousands of asylum seekers. they will claim the government has mishandled relations with important neighbors. as of -- the suspension of live cattle exports to indonesia are thought to have caused offense. election is also likely to be personal in tone. late last year in a speech that went viral, the prime minister accused the opposition leader of sexism and misogyny, saying he treated her without respect because she was a woman. a few months ago, polls showed the labor government was deeply unpopular -- labour government was deeply unpopular. while the date is now known, the outcome is far from certain. >> the united eights is planning to expand its drone program to northwest africa -- the united states is planning to expand its drone program to northwest africa. the us will -- the aim is to gather intelligence again
currently in opposition calls for government's -- her governments s carver -- her government's carbon tax -- commodity prices have dipped. australia's economy has cooled. the opposition party says the government has lost control of australia's borders in the face of tens of thousands of asylum seekers. they will claim the government has mishandled relations with important neighbors. as of -- the suspension of live cattle exports to indonesia are thought to have caused offense. election is also...
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he may be ru officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>. >> greta: scenes of devastation in australia. forcing thousands to flee their homes and killing four. many tornadoes lashing large parts of queensland. helicopters getting people from rooftops and people caught in the flash flood. it's also disrupting air travel. now, to our favorite social media moment of the day. oprah winfrey and george clooney. first oprah tweeting, thanks everybody with your birthday wishes. no plans to leave pj's all day. and oprah tweeted out in her birthday suited but in her pajamas. george clooney, movie star is picking up a restaurant tab at a nearby restaurant. the party was too loud so he paid the other man $134 bill
he may be ru officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>. >> greta: scenes of devastation in australia. forcing thousands to flee...
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a process that includes passing a background check, paying taxes, paying a penalty, learning english, and then going to the back of the line behind all the folks who are trying to come here legally. that's only fair. (cheers and applause) all right? so that means it won't be a quick process, but it will be a fair process and it will lift these individuals out of the shadows and give them a chance to earn their way to a green card and, eventually, to citizenship. >> pelley: but first, mr. obama said there would have to be stronger enforcement on the borders. his plan is similar to a bill that both democrats and republicans are introducing in the senate. this may be the best chance for immigration reform in decades. it could mean that a lot of families would not live in fear of being split up, as bill whitaker found with the colin family in california. >> reporter: jamie colin helps his mother lupe at one of the family's two dry cleaners in southern california. do you feel like an american success story? >> i do. my parents have worked so hard and everything i am, everything my sister i
a process that includes passing a background check, paying taxes, paying a penalty, learning english, and then going to the back of the line behind all the folks who are trying to come here legally. that's only fair. (cheers and applause) all right? so that means it won't be a quick process, but it will be a fair process and it will lift these individuals out of the shadows and give them a chance to earn their way to a green card and, eventually, to citizenship. >> pelley: but first, mr....
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three billion dollars and go back to congress and say hey we spent all your money and we didn't find a tax the sting operations write a very convenient mechanism for the f.b.i. to show the congress and the people in the public hey we're keeping you safe here's a here's a terrorist attack that was thwarted you know if you look at f.b.i. director robert mueller testimony before congress the last few years he consistently cites these terrorism sting operations he talks about the elaborate scope of the of the the plots how horrific they would have been but he never fully disclosed as to congress the fact that these people never on their own never would have the capacity it was an f.b.i. informant incentivized by money who ultimately provided the means and the opportunity for these crimes very interesting trends are great at how do you line and chad some light on this issue that was trevor aaron said author of the terror factory. now federal prisons are being packed with inmates like never before this according to a new report from the congressional research service according to the bureau of p
three billion dollars and go back to congress and say hey we spent all your money and we didn't find a tax the sting operations write a very convenient mechanism for the f.b.i. to show the congress and the people in the public hey we're keeping you safe here's a here's a terrorist attack that was thwarted you know if you look at f.b.i. director robert mueller testimony before congress the last few years he consistently cites these terrorism sting operations he talks about the elaborate scope of...
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. >> well, it adds about 100 billion of drag to what's already there from the tax increases we saw earlier in the month, and you put it all together and you've got 1.5% to 2% of fiscal drag instead of the usual boost so i think it will slow us pretty rapidly. you know, given that we're flat in the fourth quarter, it's not a good sign. >> when does the debt catch up to us then? i mean, do you worry about the $17 trillion debt, $16.4 trillion debt? when does that catch up? >> you know, i don't worry about it too much for two reasons. one, i tried to worry about it with japan and lost an awful lot of money betting on interest rates going up there. secondly, remember, interest rates on outstanding debt are about 80 basis point on average for the government so the debt interest rate burden is about 1.5% of gdp. that's about as low as it's ever been. we're lucky, but that's the way it is. >> lindsey, so what's the answer here? let's just assume that the -- that the sequester takes effect. >> sure. >> that you do have the pullback in spending. seems to me that would put an awful lot of pressure o
. >> well, it adds about 100 billion of drag to what's already there from the tax increases we saw earlier in the month, and you put it all together and you've got 1.5% to 2% of fiscal drag instead of the usual boost so i think it will slow us pretty rapidly. you know, given that we're flat in the fourth quarter, it's not a good sign. >> when does the debt catch up to us then? i mean, do you worry about the $17 trillion debt, $16.4 trillion debt? when does that catch up? >>...
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republicans say you cannot tax the wealthy enough to make a dent. a leading senate republican says president obama has talked a good game but has not delivered. >> when it comes to reducing the debt as we would say out in the west, the president has been all hat and no cowboy. in other words, he has been all talk and no action. what we have seen over the past four years as trillion-dollar deficits every single year, the debt has ballooned by 50% and so the president's record and his rhetoric just don't match up. >> republicans say democrats got their tax increases part of the fiscal cliff standoff. the final settlement and now many republicans are saying new taxes are off the table, bill. >> bill: what are democrats saying about the strong possibility, mike, that these cuts to defense spending may go into effect after all. >> well, democratic leader harry reid said that next week senators were going to sit down and talk about alternatives to those cuts to domestic and defense spending. today senator reid hinted at more taxes. >> remember, the americ
republicans say you cannot tax the wealthy enough to make a dent. a leading senate republican says president obama has talked a good game but has not delivered. >> when it comes to reducing the debt as we would say out in the west, the president has been all hat and no cowboy. in other words, he has been all talk and no action. what we have seen over the past four years as trillion-dollar deficits every single year, the debt has ballooned by 50% and so the president's record and his...
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. >> if you politicians would only stop talking about more taxes and more gun bans and more regulations on honest people, and spend a little bit of that rhetoric and a little bit of that energy going after violent criminals of complete breakdown of our criminal justice system and the fact we don't even prosecute criminals with guns anymore, because the system has collapsed, maybe then we would make progress. >> also at some point we have got to say enough is enough. otherwise when the nra will not say that you should not permit the civilian sale of bazookas. what we're talking about is a weapon crafted for war that floats around the streets of our cities, that puts our police in a position of being outgunned by the bad guys, that has kids killing kids with them. >> since the newtown, connecticut, shooting that left 27 dead, the nra says 500,000 more people have joined its membership. >>> anderson cooper, don't miss this, taking on the gun violence debate tomorrow night. he'll take a good long look at both sides of the issue. we're calling it "guns under fire," a town hall special tomorr
. >> if you politicians would only stop talking about more taxes and more gun bans and more regulations on honest people, and spend a little bit of that rhetoric and a little bit of that energy going after violent criminals of complete breakdown of our criminal justice system and the fact we don't even prosecute criminals with guns anymore, because the system has collapsed, maybe then we would make progress. >> also at some point we have got to say enough is enough. otherwise when...
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who have endured brutal conditions to try to get here and then have come and been productive, paid taxes, and just want to be part of our america. >> reporter: the pastor of our lady of guadeloupe church traveled to las vegas to be in the audience as the president spoke and talked with us via skype. >> this is the story -- >> reporter: the devil will be in the details, but at least for now the faith and immigrant community likes what they hear. >> citizenship for people that are here and getting people back to work and with families. these are the things we wanted to hear. >> reporter: undocumented immigrants are not the only ones hoping for comprehensive immigration reform. 70% of latino voters cast ballots for president obama and that show is part of the reason many republicans are now onboard for that. >> i'm sam brock. talks heat up, did we forget what spoiled the entire process last time is this three words, pathway to citizenship. tonight's reality check, we take a look at the economic impact. >>> also, change on the horizon. the father of a local teen who made national headlines t
who have endured brutal conditions to try to get here and then have come and been productive, paid taxes, and just want to be part of our america. >> reporter: the pastor of our lady of guadeloupe church traveled to las vegas to be in the audience as the president spoke and talked with us via skype. >> this is the story -- >> reporter: the devil will be in the details, but at least for now the faith and immigrant community likes what they hear. >> citizenship for people...
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they hit the average hard working tax paying american. >> the time is now. americans are counting on you. >> let's get right to it. we are joined now by krystal ball cohost of "the cycle" and msnbc political analyst richard wolffe executive editor of msnbc.com. thank you for being here. i want to start with you and danielle trotter. she's invoking the constitution, the bill of rights. a feeling that is strong around the country among conservatives but not only conservatives nap these policies are going after rights that were secure bid our founders a long time ago. she invoked womens rights as sort of the ultimate underlying principle. a lot of people were moved by that. what did you make of that new chapter in this fight? >> well, it's not surprising. it's not surprising there's an interpretation of the second amendment that they take to mean overthrowing government or standing up for tyranny or in this case -- this is part of the nra narrative since the '60s here. it's about protection against criminals. this has been the big shift in the nra, tea party, e
they hit the average hard working tax paying american. >> the time is now. americans are counting on you. >> let's get right to it. we are joined now by krystal ball cohost of "the cycle" and msnbc political analyst richard wolffe executive editor of msnbc.com. thank you for being here. i want to start with you and danielle trotter. she's invoking the constitution, the bill of rights. a feeling that is strong around the country among conservatives but not only...
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to earn citizenship by paying taxes and passing a background check, among other requirements. >> this is not just a debate about policy. it's about people. >> reporter: mr. obama described a largely similar bipartisan plan in the senate as encouraging, but republicans are already warning the president that there are limits to their willingness to compromise. >> if this endeavor becomes a bidding war to see who can come up with the easiest, quickest and cheapest pathway to green card possible, this thing is not going to go well, folks. >> reporter: still, after winning more than 70% of the latino vote last november, the president's senior advisers say the white house is more than comfortable publicly pressuring republicans. >> and if congress is unable to move forward in a timely fashion, i will send up a bill based on my proposal and insist that they vote on it right away. >> reporter: among those moved by the promise of reform, luis and maria berahas, who acknowledge they came to the u.s. from mexico city 14 years ago. visiting from their home in california, their 22-year-old daughte
to earn citizenship by paying taxes and passing a background check, among other requirements. >> this is not just a debate about policy. it's about people. >> reporter: mr. obama described a largely similar bipartisan plan in the senate as encouraging, but republicans are already warning the president that there are limits to their willingness to compromise. >> if this endeavor becomes a bidding war to see who can come up with the easiest, quickest and cheapest pathway to...
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now that taxes are increased, we've got to see how they're reacting to that, but up until this point, almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is that sector? >> well, to me i think housing is critically important, not simply because of whole construction which obviously powers an awful lot of jobs but when you consider all the people who have been underwater for so long and they have this negative wealth effect, we talked about the fact that 401(k)s are going up. if they see house prices going up they feel an awful lot better as well. so i think this strength in the housing prices are really the most important factor out there and it's spread really across the country. not quite as strong as what's going on in some of the areas that collapsed l
now that taxes are increased, we've got to see how they're reacting to that, but up until this point, almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is...
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Jan 30, 2013
01/13
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WMAR
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and in social security taxes. but still encouraging news overall. >> i wonder, the banks have these strict guidelines now. much stricter than before because of the huge banking debacle. so i wonder are they lending money to folks who want to buy a home. that's going to be an issue, i think. >> that always helps spur things on. the bank loosens its grip on the green. that tends to help. and the federal reserve expected to release a statement that could have an impact on the markets in terms of their latest economic outlook. so stay tuned for that. >>> oil giant bp and the justice department have agreed to a record settlement in connection with the 2010 gulf oil disaster. in addition to paying $4 billion in penalties, the company agreed to plead guilty to manslaughter for the deaths of 11 workers on the deep water horizon rig. bp could pay billions more in civil claims for environmental damage. >>> another financial headline for you. there could be a big change coming to youtube, a paid prescription service. users w
and in social security taxes. but still encouraging news overall. >> i wonder, the banks have these strict guidelines now. much stricter than before because of the huge banking debacle. so i wonder are they lending money to folks who want to buy a home. that's going to be an issue, i think. >> that always helps spur things on. the bank loosens its grip on the green. that tends to help. and the federal reserve expected to release a statement that could have an impact on the markets...
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Jan 30, 2013
01/13
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now that taxes are increased we've got to see how they're reacting to that, but up until this point almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is that sector? >> well, to me i think housing is critically important not simply because of whole construction which obviously powers an awful lot of jobs but when you consider all the people who have been underwater for so long and they have this negative wealth effect, we talked about the fact that 401(k)s are going up. if they see house prices going up they feel an awful lot better as well. so i think this strength in the housing prices are really the most important factor out there and it's spread really across the country. not quite as strong as what's going on in some of the areas that collapsed like phoe
now that taxes are increased we've got to see how they're reacting to that, but up until this point almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is...